Snap (SNAP), the disappearing-messages social media company, has been one of the biggest winners of the year. After being mostly left for dead by investors for losing too much money and for potentially being a fad, shares of Snap roared back with a vengeance this year as the coronavirus made house-bound teenagers and millennials flock to the app in droves. Even as advertisers ratcheted back their marketing spend and caused a reduction in advertising prices throughout the globe, Snap was able to make up for these declines with the massive surge in its user base.
Now up more than 40% in the year to date, shares of Snap are at new 52-week highs not seen since immediately after its IPO:
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